Sprott Lithium Miners ETF (NASDAQ:LITP) Shares Down 1.3% – Here’s What Happened

Sprott Lithium Miners ETF (NASDAQ:LITP) fell 1.3% during trading on Friday . The company traded as low as $11.74 and last traded at $11.77. Approximately 71,683 shares were traded during trading, a decline of 36% from the average session volume of 111,677 shares. The stock had previously closed at $11.93.

Sprott Lithium Miners ETF Trading Down 1.3%

The firm has a market cap of $42.49 million, a P/E ratio of 16.45 and a beta of 1.37. The company has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $13.38.

Institutional Trading of Sprott Lithium Miners ETF

Several hedge funds have recently bought and sold shares of LITP. Sankala Group LLC bought a new position in Sprott Lithium Miners ETF in the fourth quarter valued at approximately $56,000. Sprott Inc. increased its position in shares of Sprott Lithium Miners ETF by 16.3% during the fourth quarter. Sprott Inc. now owns 44,740 shares of the company’s stock worth $539,000 after acquiring an additional 6,275 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Sprott Lithium Miners ETF during the fourth quarter worth $138,000. Bank of New York Mellon Corp bought a new stake in shares of Sprott Lithium Miners ETF during the first quarter worth $221,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Sprott Lithium Miners ETF during the third quarter worth $160,000.

Sprott Lithium Miners ETF Company Profile

The Sprott Lithium Miners ETF (LITP) is an exchange-traded fund that is based on the Nasdaq Sprott Lithium Miners index. The fund aims to support the worldwide clean energy transition by tracking an index of global companies in the lithium industry. Securities are selected based on revenue and weighted by market-cap. LITP was launched on Feb 1, 2023 and is managed by Sprott.